Reguleren bankiersbonussen treft meer werknemers dan verwacht

The European Banking Authority (EBA) yesterday launched its consultation on the technical standards for bankers’ bonuses that will determine who exactly the tax applies to. In its first draft of the rules the EBA stated the regulation would apply to anyone receiving a bonus above €75,000 (if that is 75% or more of their fixed pay), total pay of above €500,000 or those who rank in the top 0.3% of earners in their firm. These definitions are much more wide-ranging than had been originally expected. The Times notes that the Bank of England represents the UK at the EBA negotiations but it remains unclear what measures they are taking to limit the impact of the regulation.